2627 W OBISPO Circle, Mesa, AZ 85202, Mesa, 85202 - 4 bed, 2 bath
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Mesa, AZ 85202
This Spacious Single-Story Home represents a Prime Investment Opportunity, listed at a List Price of $515,000—positioned well below the $529,365 Fair Market Value by 2%. This valuation gap provides $14,365 in Instant Equity. Featuring a 4-bedroom layout with a sparkling pool and large lot, the property maintains a Condition Rating of 4. While the interior reflects vintage 1976 construction, the lack of HOA restrictions offers significant flexibility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2627 W OBISPO Circle Subject | $515,000* List Price | 4 | 2 | 2,097 | $252 | - |
A 2309 W NARANJA Avenue Sold | $570,000 | 3 | 2 | 1,920 | $297 | 0.5 mi |
B 2642 W ONZA Avenue Active Under Contract | $490,000 List Price | 4 | 2 | 1,992 | $246 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this property is nearly 50 years old. While it features recent cosmetic improvements such as fresh interior paint and new carpet in guest bedrooms, the overall aesthetic remains dated with older ceiling fans, closet doors, and window frames. There is no mention of recent major renovations to the kitchen, bathrooms, or primary systems (HVAC/Electric), suggesting they likely exceed the 20-year threshold for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9875, living area = 2097.
The property features a large 9,875 sqft lot with a sparkling pool and an expansive covered patio, ideal for year-round outdoor entertaining in the Arizona climate.
Situated in a quiet cul-de-sac with no HOA fees or restrictions, this home offers both privacy and financial flexibility while maintaining excellent access to the Loop 101.
Built in 1976, the home may require ongoing maintenance or updates to major mechanical systems and insulation to meet modern energy efficiency standards.
While the home features fresh paint and new carpet in guest rooms, other core areas like the kitchen and bathrooms may still reflect older finishes, potentially requiring future renovation.
Sprawling single-story home tucked away in a cul-de-sac with no HOA! This 4-bedroom home, with fresh interior paint and new carpet in the guest bedrooms, offers generous living spaces designed for gathering and entertaining, including a versatile craft/game room perfect for hobbies or a playroom. The floor plan flows seamlessly to the backyard oasis featuring a sparkling pool, long covered patio, and plenty of room for outdoor fun year-round. Situated on a large lot with convenient access to the 101, this home combines comfort, flexibility, and an unbeatable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,097 | 1,673 | 86% |
| Lot Size | 9,875 | 7,675 | 86% |
| Price | $515.0K | $412.0K | 78% |
| Price per sq ft | $246 | $246 | 50% |
| Built year | 1976 | 1977 | 35% |
| HOA | $0 | $46 | 41% |
| Days on market | 10 | 2674 | 2% |
May 27, 2026
$515,000
Initial Listing